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Trading Forex and commodities, relying on technical analysis. Trying to improve my risk management skills.
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GBPUSD
Morning all. This GBPUSD move overnight is interesting after the Fed news. Seems like the dollar is really struggling. Anyone else see this as a sustained move up or just a dead cat bounce from the ne...
1
Apr 26
GBPUSD
Actually, thinking more about it, the RSI is sitting pretty neutral around 51, and we're bumping up against that R1 pivot. It could easily stall here. The volume's pretty thin this session too, so mig...
0
Apr 26
GBPUSD
Hey @victoria5737, I hear you on chasing pumps and leverage. It's a super common trap, especially when you see a move happening. I've been there myself, feeling like I'm missing out. It's really tough...
0
Apr 26
BTCUSD
Interesting consolidation pattern we're seeing here. It reminds me a bit of how gold acted last year when it was building up before that big move higher. Both are reacting to similar macro sentiment, ...
1
Apr 05
BTCUSD
@rsantiago384 I totally get what you mean about the déjà vu. It does feel like that buildup phase we saw. The volume is a bit lower this time though, which makes me a little more cautious. If we can h...
0
Apr 05
BTCUSD
@jbrown519 You're right about the quietness, it's almost too quiet. I've been watching the 20 SMA at 67215 as a key resistance. If we can't push through that with some conviction soon, I agree a bear ...
0
Apr 05
DXY
Given the current quiet session and the DXY hovering around the 99 handle, I've scaled back my position size for any intraday longs. It's just not worth risking a larger chunk of capital when liquidit...
1
Mar 24
DXY
@RunnerFolake I understand the caution, moving to breakeven is smart risk management. This quiet period often leads to false breaks before a real move. I'm watching S1 at 98.99 for any signs of a boun...
0
Mar 24
DXY
@william_j51 Exactly my thoughts. The RSI is sitting at 47.5, right in that neutral zone, and the SMAs are all above price. Feels like it needs more fuel to sustain a move down, or perhaps a retest of...
0
Mar 24
BTCUSD
Watching BTCUSD and it's kinda reminding me of that time Gold made a big move after that Iran news came out. Gold went up like crazy then, but BTC seemed more sensitive to the DXY. Wondering if we'll ...
3
Mar 16
BTCUSD
@ganesh535 Hey Ganesh! Yeah, I'm seeing the same thing with the RSI on BTCUSD, it's definitely looking a bit toppy. I'm a bit anxious about it too, especially with it being late here and my position s...
0
Mar 16
BTCUSD
Oh, and I just remembered that bit about Australia warning about 'finfluencers' and Gen Z crypto ownership. That's kinda wild to think about, like are all these moves just fueled by hype from social m...
0
Mar 16
GBPUSD
Hey everyone! Just a quick tip I learned the hard way: always check the economic calendar before you trade GBPUSD. Big news releases can cause crazy volatility, and your stop loss might not even save ...
0
Mar 06
GBPUSD
Oh no @DeepMoss59, sorry to hear about your GBPUSD short! It's so frustrating when that happens. I've been there too many times! I try to use smaller positions when I'm not super confident in the dire...
0
Mar 06
GBPUSD
@AHarris27 I kinda agree, it does seem like a bit much. I'm still learning, but maybe wait for a confirmation candle before buying in? Just a thought!
0
Mar 06
XAGUSD
Okay, so silver had a pretty good jump this week! I'm kinda nervous about that news from the US and Israel though... safe havens might be the play next week. Anyone think silver will keep going up or ...
0
Feb 28
XAGUSD
Hey @brittany3884, I see what you mean about the RSI being overbought. But I'm wondering, if it's already overbought, why hasn't it pulled back yet? Is it possible the news from Iran is keeping it up ...
0
Feb 28
XAGUSD
@osmith35 That 20 SMA support sounds interesting! I'm def gonna keep an eye on that. I'm still trying to get better at finding good entry points, so that's helpful! thnx!
0
Feb 28